During the current year, Kayla University received a $$50,000$ gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries.$$ During the year, the university spent $$8,000$ to support travel to a health care conference in Italy.$$ The $$8,000$ disbursement will cause a NET decrease in which class of net assets?

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Question $34$ options:

Cannot be determined

Permanently restricted net assets

Unrestricted net assets

Somewhat restricted net assets